He Has $2 In His Checking Account! | Financial Audit

my name is Jamal I'm 24 years old I live. in Las Vegas Nevada and this is. financial audit. thank you for a living in Las Vegas. I'm actually a debt collector for. Nordstrom so I've been doing that that's. what I'm saying a debt collection for. Newport before you say anything you'll. like the numbers before you say anything. you'll like the numbers because I only. say that because it's actually the best. job I've worked in financially and I'll. explain a little bit more if you want me. to yeah but someone likes debt. collectors I'm gonna be honest with you. neither do I neither do I it was the.

only remote job that I can find at. Nordstrom I mean not Nordstrom but in. Vegas in general yeah and yeah well wait. why does it have to be a remote job in. Vegas so I moved from Ohio originally. and I needed a job in Vegas and so I. originally started with Yelp for like. six months just to transition so I can. get on an apartment in Vegas and then. one side guys I didn't scrunch my hair. I'm so sorry I wasn't looking beautiful. for you no you're good man I'm sorry. continuing your story while I scrunch. it's okay so basically what happened was.

once I moved out I liked the fact that I. was working from home it was easier good. on my car and not only that I kind of. lived alone so I needed something that. can financially handle my expenses and. also you know live day to day a little. bit easier so what do you make now in. this position. on a monthly base I make roughly 2600. but I also make incentive as well so. that boots me up to 5000 a month close. to five thousand on average on the.

incentive average let's just say 4 200. to play safe okay. is that before taxes after taxes uh. after taxes okay. and the incentive is you get in that. debt closed pretty much yeah so. depending on how much I make on a. monthly base in terms of like collecting. debt that's how much that's how my um. incentive gets tracked okay yeah now if. you want to not get hounded by debt. collectors I mean I can't help you. unless you're on the show but you can.

subscribe and maybe that'll just give. you good luck a good luck button to not. get called by debt collectors like you. and your evil police helping these. people okay I hope I hope I really. off that's stupid no let's not say that. come on. well I'm glad you're doing better what. were you making uh what was I making. like before Nordstrom or and I'm gonna. just yeah so so before Nordstrom I think. I was making like roughly. roughly 2200 after taxes a month.

yeah do you enjoy this position no no oh. no not at all no this is this job isn't. fun at all but at the same time it helps. it's helping me build the dream that I. want which is getting into real estate. and I make just enough money to I can. pay my bills and my and my expenses and. still save enough funds to get into real. estate what is this getting into real. estate you're trying to get a personal. residence you're trying to get yeah so. I'm trying to get a residence and then.

also um rent it out so trying to become. a landlord. um running out as in house hacking like. you live there and then you get some. roommates no no no so I lived there. um fixed off the place a little bit and. then like I'll get like a tenant to like. live there and they'll pretty much be. paying me the um the rent situation okay. so you're gonna do like the Burr method. what's that uh all the RS let me make. sure I get all the R's right it's like. Buy. rehab. rent refinance repeat.

something like that okay okay now the. reason I say like that so basically my. process or at least the way I'm going. about it is I'm gonna get the place and. then Bronson I got the place I'm Gonna. Keep it for about two months if I never. needs fixing give it fixing if not. um move a tenant in I have a lot of. friends and also mentors that are in the. real estate business so that have a way. better idea on how to go about this so. my only goal right now is to save ten. thousand and then once I save ten. thousand that's pretty much emergency. fund for. the Lord knows whatever might happen and. then from there get into real estate and.

you know start building I guess get into. investing as soon as possible if that. makes sense sure well we'll certainly. talk about that a little more but we. need to go through your financial. situation and see what's up I want to. hear from your perspective before we go. into it and everyone is a little more. optimistic usually than it typically is. when I go into it for some reason but I. want to hear from your from your. perspective what's your financial. situation. if I just read on this girl when it's an. I would say it's seven and I say seven.

and I'm only saying that because my. financial situation was horrible last. year I was living Check to Check. um a lot of times I ended up owing more. than I had coming in. um so I had to fix that and then it was. just last December when I'm like you. know what I'm I'm really serious about. getting into real estate and I kind of. don't want to myself so let me. at least you know make some sacrifices. right now and try to make as much fun as. I can so that required me buckling down. on my job at Nordstrom and Ashley paying.

attention so that way I can hit Top. incentive per month which I've been. doing great so far and also. um. living frugally meaning I'm only. spending money on groceries and also. just my rent so. I've been trying but I think I've been. doing a great job so far so what do you. need my help with. honestly I need you to see if you can. call me on a bullet or not it's just. especially what the last couple um or. the last names I've been sending you I. just wanted to see if you can. spot the bullfit or if it's actually.

looks like there's Improvement. I'll take a look. oh we have. checking account with. we started with this doesn't make sense. what's the point of this so what is this. checking account okay so this is my. primary checking account right so as you. can send it balanced two dollars 45. cents but listen though but listen. if you look if you go through the. transaction history majority of that. money went into savings account no. that's fine but that's still a. dangerously low balance I have on our. checking account it you have automatic.

payments all right. not on my checking no not on my checking. all my automatic savings are on my. credit card and I use my checking to pay. off my credit card and then whatever I. have left on my checking I normally send. that over to my savings and you don't. have Auto pays on your credit card of. like an auto pay the full balance or. anything like that I do have okay so. then yes your credit sorry so this is a. very dangerous load balance to have it. is it is oh you wanted me to call you on. your boat there's some. immediately I mean. okay.

so yep there's your deposits you have. some cells coming in some transfer. you're transferring money in from. savings. 109.87.26 okay the 109 what day was 250. dollars. okay what days are those. because this is from 17th January 25 30. 17 24 17th 24 25 30. okay so January I. was moving. um I was moving to a new apartment so. the only funds that I can think of that.

required me to pull money out of my. savings. the first one. I really hate saying this but I think. there's like one for like close to 130. maybe 190 in there Valentine's Day was. coming up and I couldn't find my credit. cards because I lost pretty much my. wallet and I needed cash to um buy some. things for my girlfriend so I took some. money out of my savings to cover that. but then I put it back roughly my next. check so the money was back in there. um and then I think there's another one.

in there for like 300. if I'm not. mistaken I got pulled out that one was. towards my brother he needed help he. does a little truck driving business and. whatnot but he needed help out with gas. but he paid me back later that same week. and that same money went right back into. my savings okay yeah you did send out. cash of 150 or 180 cash app that one. what's the name there should be a name. on there I think. soon sure.

how about yeah that's my mom uh she. needed money. um my mom doesn't work and she needed. some funds to pay some bills so I gave. her what I could. she's almost 70. okay she didn't she's. Social Security and no. um my mom is well so my mom brought us. over here so I was originally born in. Kenya my mom doesn't have the whole like. you know money stayed up or anything. like that so just me and my siblings. that are working and my.

it's not all me to financially help them. but I help out where I can if I have. funds available so that's where that. money went straight to and. Brandon Ross Brianna Ross my girlfriend. yes they're sending her a good amount. how much was that 249 109 the 249 149. and then 109. the 149 I know the 249 uh. that was she needed some help with. something I couldn't remember what it. was but this was towards me. um when I was moving to my new um.

apartment she needed help with something. so I gave her that much and there's. another 149 that was uh we split Costco. groceries as well so we used her credit. card for her so I paid her my portion on. so you just gave her some money for the. helper or something yeah I couldn't tell. you what it was it was a busy month on. January I mean I don't know but I mean. you're giving your girlfriend money it's. okay as long as it's just a gift yeah. you're not expecting it back no no I'm. not expecting back no no that's not the. rest of the stuff was mostly just like.

Casco uh some gas it was a U-Haul moving. thing and that's fine and so most things. are good I mean you went out once with. this it was just Wendy's but then resume. now are you looking for new jobs still. already. no. um so like I said January was a very. hard month I was just looking at a job. at the time but I stopped and plus I. haven't had like a new resume like. forever so I just wanted to polish it up. a little bit and resume now I think took.

like a couple dollars but I gave it back. because I forgot to cancel another 25. and then there was tier mom and other 70. and then yes a lot of money uh was sent. to the credit cards I assume that's. where a lot of the spending is gonna be. but yeah credit cards credit cards. credit cards and then. also to your savings yeah yeah. but again dangerously low balance you. started with 89. I was handed with two. dollars I. I have no explanation for that I just I.

to be honest I kind of just wanted to I. don't like seeing money in my checking. because my brain automatically thinks. okay we have some money let's spend it. so the savings that you transfer to is. it just a Huntington is the same one I I. know it sounds dumb but I've been trying. to Pro so what I what is that the. savings that you transfer to yes it's. only a thousand six hundred forty four. in there that's it's actually updated. right now um right uh let's let's look. at it one second.

as of right now there's. 2502 on there. so okay it's gone up 900 roughly yeah. okay. well that's not an emergency phone is. this system only savings. yes and correct it's not an emergency. phone okay so the goal you're trying to. get to real estate but you're really far. from there yeah yeah exactly so which is. why I'm trying to I thought maybe we. were a little closer when you were. talking about them no no like I said I. literally just started getting back.

together I'm like very new at this so. okay I'm trying to understand a little. better yeah because clearly you don't. fully have your. together because there's two credit. cards that looks like you pay off two. Capital ones that you pay off but. there's definitely a balance being held. on the Discover card yes that one is a. problem card and I'm only saying that. because that was on my first first ever. credit card I got and at the time I. didn't really understand how credit. cards worked so I tend to hold a balance. um I got it down to a very great balance.

uh December for like eight hundred. dollars. um but. my birthday was coming around and now I. will admit to this I got me a. pretty expensive gift which is starting. to pay itself off I got myself a MacBook. Pro because. um the one that I had originally got. broken due to water damage so I got a. brand new one and then what happened. with this one is I'm using this one to. like edit my videos and. you make content yeah okay yeah so it's.

been doing great so far I managed to on. Facebook I managed to make roughly six. seven hundred dollars back so far within. the month and a half that I've been. working on making content what kind of. content are you making. so right now I'm just I'm just um solely. focusing on like on short films so like. gym workout videos and stuff and trying. to make it like fast but still. motivating so I'm just making those type. of content as of right now okay yeah. now. we have two credit cards that you pay.

off first we're going to look at those. to start with so. bringing 4200 after Commission. you know a lot of that money went out of. the checking account but then we also. have purchases of 918 it's almost a. thousand dollars on Capital One savior. one yes that's uh that was around and. you paid it off which is good so yeah. very happy to see that. groceries Wendy's ubering. Sunrise International and Uber.

mostly Walmarts and stuff they're really. cheap Walmart trips I'm very curious. yeah on the same days these. um that's like I said I was moving in. January so I'm just getting a lot of new. stuff yeah somehow stuff. Fitness stuff okay that's good we always. encourage that Amazon lots of Amazons. that's also probably new house stuff I'm. assuming around that time then we have a. Hulu subscription Wendy's you love. Wendy's no it's not me actually it's. your girlfriend yeah I get her food.

every now and then yeah every now and. then yeah a lot and Playstation network. and GrubHub GrubHub. GrubHub McDonald's change it up a little. bit. so good amount of BS spending on here. and then also just some new house. spending as well but we also have that. other credit card where you made an. additional 500 rounded of purchases so. now like a thousand five hundred dollars. plus what we saw in the checking account. go to things like gas and groceries and. stuff like that and here we have some. ongoing payments like your T-Mobile.

subscription we have apple payments uh. not T-Mobile subscription but you know. the ongoing payments Smith Foods pops up. crazy amount on every account this is. popping up Smith's Foods this is boom. boom boom lots of Amazon again and then. another Apple thing and more Walmart so. I mean you're certainly spending a lot. of money yeah yeah it's uh. I'm trying to carrying myself a budget. um and this January was not a great time. to start for that I think I did a little. bit better in February but January was.

not a good month yeah I think you're. like the perfect person that's like. built for my new resources section that. I've made for everyone. so I'll hit you up with some of those. either after the video we can talk about. them for a second but perfect good. budgeting and good stuff like that okay. perfect perfect and then the bad card. also it says your credit score it's only. 606. yeah it went down drastically and. that's because of the uh the purchase. that I made towards the MacBook it um.

took like when was this the MacBook was. purchased like December 11. oh jeez yeah. dude he only made 650 dollars of. purchases of payments and then 7.73. cents. of purchases he made on here so interest. fifty eight dollars and 18 cents total. interest charts this year so far 117. what I'm confused about immediately is. you talk about this you want to give.

yourself a 7 out of 10 which makes no. sense anymore why are you in a position. where you're only making 650 payments on. a car that has already made you lose. over a hundred dollars early in this. year so far and yeah on this other card. we're going to Wendy's constantly we're. doing Amazon we're getting things for. our new place on uh Walmart constantly. we're spending all this money all this. bull all this crazy stuff and we're only. putting 650 towards this video a. thousand five hundred dollars towards. the other two cars that were spent. mostly crap you're okay so with discover.

yes I'm trying to pay it off and yes I. unders I see that the interest is really. high but so that's trying very hard well. I pay the 650 that was uh one payment. and I also made another payment two days. ago for another 250 and I'm making. another one again I'm doing it too it's. 250 when you're doing a thousand five. hundred dollars on those other cards. which are not all groceries or. Necessities there's a lot of BS in there. that you do not need right now need.

specifically. yeah you're right I mean like what what. is this priority what you have this is. not a priority to you no you talk about. the Discover yeah it is a priority I. want to get rid of it but yet again I'm. I guess just like anybody else I'm kind. of scared in terms of like okay if I put. this much money towards it will I have. anything in my savings. money thousand five hundred dollars. towards the BS it wasn't all the. thousand five hundred dollars towards BS.

there was some groceries in there but. let's just say like. even the extra foot let's just say only. 500 which I'm pretty sure more of it. went to things you did not need actually. and I promise you but let's just even. say 500 for an example what if you just. cut that and you had an extra 500 to put. towards this. this pays It Off. probably a month and a half earlier at. this rate. what's the point. I I can't tell you I I don't know I've. been my goal was to pay it off slowly. and have it paid off by may I was I'm.

trying right now like I said I put 250. towards or something for another 250 so. I'm trying to put at least 500 towards. every month so I can get it down to a. zero dollar balance now seeing how it is. at a high balance I stopped making. purchases on it other than I think the. most recent purchase that was like. twenty dollars and that was um for my. Adobe subscription for Premiere Pro but. other than that I'm not making any other. purchases on it is dangerous. I took it off I took it off I switched. that over to the saber one seeing how I. get cash back on that so there's no.

other reoccurring purchases on there. so this is where I think you should take. advantage of a couple things I you know. I formed Partnerships with good. resources and this is where it'd be good. for you rocket money would be fantastic. for you you know rocket money. I haven't heard about budgeting and it's. my favorite that's what I switched over. to from mint so rocking money is good. you know you know I'll get you set up. with that after this video and then also. Fizz is another one it's a card that you. use where I think you should put the. primary you're spending it's a debit.

card that one helps you budget it helps. you not spend over on certain categories. and two. it also helps to build the credit score. which you will need to for this real. estate game you want to get into when. you're sitting at 606 a debit card that. helps with credit scores it's fantastic. so you need to get on both of those. immediately okay so I'm not against it. I'll definitely get on to it I know. right now no no I'm saying I'm not. against it in the sense like I like I'm. open to suggestions because I never knew. that existed so right now my credit's. going up by like another 20 points but I.

my main priority is trying to get that. discover on and like that sounds like. both seeing how I've only been putting a. small amount of balance but the way to. get there is to budget. the way to stop spending money on all. this extra crap is one just don't do it. to budget because you clearly just don't. know how much is going to there or if. you did then you would put it towards. the Discover card and if you do know how. much money is going there and you're uh. choosing out to put it towards the. Discover card then you're literally just. prioritizing Wendy's over your Discover. card.

you're right you're right so which one. is it I mean. I'm seeing how we're so um. like I said. horrible financial decisions that I made. and this is the first time I'm getting. my um together. um seeing how we are the within like. this is month three of the new year I. want to get rid of it as soon as. possible and yes I will stop going to. Wendy's for my girlfriend and you know. start eating in a little bit more but. it's just like one of those things where. I just kind of assumed if I can just put.

like a little 500 maybe 600 here and. then they'll go down if I just stop. making purchases just. I can kill it today. I don't know if I wanted 100 kill it. today with because that would be all of. your money. basically pretty much all of them pretty. much and that would put you in a risky. situation which could put you in a worse. situation than you're in now. I so what I was gonna do was because I'm. making a little bit of money from. Facebook I was gonna get whatever I get. from that because I made the purchase.

from the Mac yeah absolutely tours don't. discover yeah it's not even a question. yes okay so how much will that be and. when. um right now there's a total of 600. that's still pending um last time I. checked uh Facebook gets pays out every. 20th of each month. um let me see. so this is is going to be paid out the. 23rd of March is when my proceeds get. paid out. you want to see it no no.

okay. good then the asset goes to that and. then from here you know I want you to. open up an account with rocket money. preferably just because that's my. favorite but obviously use whatever. works for you but that's just my. favorite and what I use now and. time to budget dude what's your rent on. a monthly basis. um my rent right now is at 1203. minimum. monthly payment on this card is 79.

what's your vehicle situation paid off I. know what is it though uh it's a good. 2012 Toyota Camry okay yeah very cool. how many miles. like last time I checked like 150k but. it still runs smooth so yeah I mean. that's a pretty good car yeah as far as. I understand I'm not a car person but as. far as I. only had like one issue and I was like. three years ago we definitely want you. to have an emergency fund or a car even. when it's getting up there even if it's. a good car you know just making sure.

you're in a safe spot of course. okay what's your desired grocery. spending on a monthly basis I try to. keep it under 300. I play 300 is not. too much. and then different insurances and stuff. like that what are they looking like. insurance. right now runs me at like 180. that's. your car. um yes but yet again. from work I don't think he has taken.

from work from work again and then your. renters insurance my renter's insurance. uh that's through my job and that's at. ten dollars no no sorry not my job my um. my property management and that's uh so. what's your car insurance one more time. uh my car insurance reminds me at 180. but I split that with my uh my brother. so he's so I just put it with your. brother. oh because if I do it myself it's. extremely high so why are you putting it. with your brother do you share the car. with your brother no no so the so the. car's been shared under his name and. it's my car and I try to put it under um.

my name is like 500 a month just for why. is he subsidizing you though why you. subsidizing me yeah what do you mean. he's not getting any value of the car. why is he paying for half the insurance. so I pay for my portion and he pays for. his portion so much portion that's what. I'm curious if he doesn't use the car if. he has no ownership on the car why does. he have a portion I'm gonna be honest. with you I honestly don't know and I'm. only saying that because when I first. got the car in order to get it out the. lot I had to had um covered insurance I. just don't understand why you're not.

paying for the full thing. that 180 is the amount that I need to. base I'm just like all right cool so. that's the money I pay and I pay him. that amount so you pay him 90 though I. thought you said nine no half of 180. so. you pay him half of 180 or is 180 half. of it no 180 is half so that's 90. sorry. I apologize. okay so 180 is half you give him 180. bucks I'll give him 90. sorry. it's a long flight I'm so sorry it's a. long flight I'm just waiting okay.

just want to make sure I have your. numbers right yeah okay so we got rent. we got our insurances we got our. groceries spending our card spending I'm. gonna call it uh toilet paper money all. the extra little things you would need. give you extra 100 bucks there on a. monthly basis. gas Vegas. car dependent 45 I don't go out a lot. we'll call it 50. yep. I feel like my tank like once a month.

yeah card dependency in cities is. definitely a tax we don't talk about. enough. it's expensive to essentially own a car. in order to participate within the. American economy and then gas and then. insurance and then. which is why I work which is why I'm. happy that I work from home because I. know that will go very high. any other monthly expenses. I mean other than my phone which is at. 106 right now um that's actually getting.

cut off uh next month too. um thirty dollars. a month your cell service is only give. me 30 bucks I used to work at Walmart. and I got a discount with them. um on unlimited talk text and everything. for 30 a month forever uh forever yeah. as long as I keep the plan rolling then. yeah. so that's getting subsidized to 30 a. month next month all right so we have. your Necessities at. 1852 a month if you actually follow the.

strict budgetary uh guidelines for gas. for your toilet paper spending and for. your grocery spending let's include my. um. electricity as well. uh that one right now runs me on average. let's just say 65 and then internet as. well saying I work from home that's. another 75 and then. 65 monthly wise.

I mean I don't think we should include. the gym the Gym's only ten dollars but. yeah. I mean I think that's a necessity okay. so now we have yeah at two thousand two. dollars a month. Capital One while you're doing that. that's. 47 of your post tax which. if we follow the most basic budgeting. guideliner for uh 50 30 20 50 our needs. 30 unwanted savings or retirement yeah.

that 47 is just under 50 well. essentially round it to 50 so boom that. would literally be everything you just. said there again rent one thousand two. hundred and three dollars your credit. card number monthly payment is 79 you're. grocery spending 300 your insurance of. ninety dollars your total paper spending. anything you need for your place. essentially 100 a month gas fifty. dollars a month your phone will be. thirty dollars a month in utility 65. internet 75 gym ten dollars which is two. thousand two dollars on a monthly basis. which is forty eight percent of your 48.

rounded up. percent of your post tax which is fifty. percent so you did that well what that. means though is you cannot. really increase any of those categories. within that budget or else it just. becomes too much okay does that make. sense that makes sense yeah now. can't do it yet. but really this next month it's as.

simple as this should not go out there. you want you should not spend money on. fun once at all for the next month and. the remaining. two thousand two hundred dollars that. you get on average should pay off the. card and it's done. that's done I should head Max incentives. so I can I'm pretty sure I can pay that. pay that off by the end of this month. you should just don't have a single. ounce of fun or anything until it is. paid off and boom now it's done it's. done it's as simple as it's done that's. fantastic now what do you do from there.

you can't have fun because you don't. have an emergency not having an. emergency fund it's an emergency so. again this is your entire budget that we. laid out here you don't spend money. anywhere except for that you don't for. how long. you have two thousand dollars in your. emergency 2500 2500. that's great. I say we get you two about with your own. situation about. fifteen thousand dollars also. um I actually I'm adding a little bit.

more money in there so it should bump me. up close to uh 3500 this month I'm only. saying because I didn't pay rent for. this month uh March well ended this. month we're just gonna talk from today. okay. following this budget. so putting in basically two thousand two. hundred dollars towards that 100 month. after this month because everything. extra this month is going to pay off. that card then it's done. okay so in five and a half months of. sacrificing completely not spending. money on fun go have a lot of free fun I. don't care walk on the Strip watch drunk.

people go crazy like that's. Entertainment that's not a bad that's. not and it's wrong. it's a little bit of gas money but it's. free okay and. there you go five and a half months you. have a fully funded emergency fund and. then we can start talking about saving. for retirement saving for property yeah. and actually you know being able to go. to Wendy's again get anything from. Amazon again being able to get nice. things from your house for Walmart and. stuff like that so but we can't do any. of that for the next six and a half.

months because it's going to take a. month to pay off the card and then five. and a half to build the emergency fund. does that make sense. it makes sense yeah it's extremely. doable especially if. you talked about being Frugal you're not. being. fruit you talked about when you get. called down here here's your book you. weren't budgeting you were being you you. started to make some progress but you. haven't actually done what's necessary. because right now you are in a dire. situation where one literally bad thing. happens you get laid off yeah or uh. something medical happens to you or. anything family members are taking care.

of your mom essentially if you need to. sometimes anything needs to happen you. are wiped out you're done you're back. into even worse debt exactly which is. why I opened my eyes in uh December and. I'm glad that I came over because like I. said I feel I felt like I was living. frugally apparently number wise I'm not. living frugally and I'm okay with being. called out of my book. um it's one of those things where I want. to get this done as easily and. effectively as possible and like the. Discover was really pissing me off but. yet again.

I'm 24 years old and I'm making dumb. mistakes that's really all it is and I'm. trying to get better before I hit 25 so. I'm at least in a better situation even. if roaster doesn't work out if that. makes sense yeah okay real estate. is gonna take quite a bit on your income. yeah what kind of percentage did you. want to put down. unlike on real estate. [Music]. I'm not gonna lie to you um I feel like. I passed I was gonna looking to put down. anywhere from three to seven percent I.

don't know that number just yet only. because I don't I haven't really talked. to my mentors and my friends that are in. real estate because I wanted to at least. come with being prepared it sounds like. you might take advantage of an FHA at. the lowest and maybe you'll put down. more than that and just have some PMI. for a bit when I'm a little nervous with. your income right here in what will be. what is obviously a trending City yeah. in general obviously the market is down.

right now for real estate because it had. a huge boom during the pandemic yeah and. you know at some point it's likely to. recover I think it's gonna you know. gonna be one of the major American. cities you know within the next Century. probably beautiful just where things are. looking. um. 4 200 a month even after your incentives. on average. yeah I think it's going to be a little. bit of a struggle with your needs. category and everything saving well I. don't the only reason I don't feel like. it's gonna be much of a struggle and. that's only because like I said like.

with groceries that you saw me paying to. my girlfriend stuff like that so we go. half on groceries and not only that I. can definitely. um you know. make a shake if I need to yeah but if. you were to get even just a basic. average place with 20 down in Vegas and. I know you're not going 20 down that's a. hundred thousand dollars it's gonna take. a long time to get to a hundred thousand. dollars yeah and that's if you have. absolutely no fun well yet again I I'm. not 100 sure if I'm gonna do it in Vegas. or if I'm gonna do it in Columbus and. I'm only saying yet again because it's.

one of those things where I don't plan. on living in Vegas for a long time not. only that I know people that are already. in the business in Columbus so they can. guide me a little bit better well it's. certainly cheaper there that definitely. changes the story yeah that does uh so. okay that's fine essentially it just. comes down to priorities because right. now. you also have nothing for retirement. right I do I last I checked I think was. close like four thousand okay so you. have nothing for retirement okay then. yeah nothing yeah okay not really you.

have something but it's just like. you know 4 000 itself I have no I had no. financial literacy before this year yeah. most Americans don't yeah so I got in I. bumped up my retirement just by six. seven percent. um end of December. it helped and also did it I was watching. one of your videos where you talked. about something about like splitting. your eggs throughout across different. Ventures that you can uh invest your. 401k in I Didn't Do It Myself the system.

allowed has this software where you can. um split up your retirement into. different things and it helped I jumped. from. 2100 up to well 26. one of my main. concern is I would love you to get into. the obviously Columbus will help I'd. love you to get into the real estate. game I'd love anyone and everyone at. some point as long as you can afford it. comfortably yeah. and really your mortgage and taxes and. everything. combined within if you if your income. stays about the same cannot be above.

1200 a month and that's hard to find as. well especially not putting each one. percent down so you're gonna have PMI. you're gonna have extra things so it's a. difficult situation and I don't want to. be a Debbie Downer but what also makes. me a little nervous is once you get back. to the fun spending after you save and. emergency fund after you pay off the. credit card you're also behind in. retirement and we cannot stay behind the. retirement you can't just put oh I you. shouldn't just put everything for Real. Estate that would just be bad because. you're not taking advantage of the best. decade of your life for compound growth. in the overall stocks well it's then.

divvying up the priorities but what I'm. nervous at when you divvy up the. priorities. not much is going to be going into the. stock market not much is going to be. going into the house okay so it's like. we just will barely be making progress. on any of them you might have things you. don't have a it's not like you have a. bad income by any means you don't have a. bad income but to hit the goals you want. to hit at I think the pace you want to. hit it might be worth checking out. something like course careers which I.

work with a lot okay a lot of people who. have been here have taken advantage of. you know getting certified in a good. program uh and then you know looking for. that 75 80 90 000 a year income which is. really boosting up you know finding. something that you're interested in. because you said you don't even like. your job necessarily no but you like the. income that's because I mean but to get. closer to your goals it might just make. more sense as a non-married person as a. single household income to. make uh to build that income okay I'll.

say this. um like I said. the whole moving expense got me messed. up but regardless we're out of there. um I'll definitely try out that plan the. one that you wrote right here and try. out that card that you also talked about. because I know. I know credit is a big thing and I'm. working on getting that as as high as. possible. um right now I'll definitely cut down on. the fun expenses because mainly I'm.

I stay home for the most part other than. Wendy's which is my girlfriend but I. can't really blame it on her it's more. on me because I'm yes it's 100 yeah yeah. so. I'm gonna work on it I'm gonna work on. it because I I'm trying to hit this. emergency funds at 10K as soon as. possible and five and a half months. isn't bad at all 10K you should go 15K. with where your needs are at 15K yeah. another two months not bad oh I told you. if you if you do it it's five and a half.

months right correct that's not what we. had yeah yeah so two months. my goal is to get it done by the end of. the year so that's more than enough time. oh it should be done by the time I enter. in fall. it's doable it's really doable. mathematically emotionally can you will. you. I can surprise you I can surprise you I. would just got we just got to find out. that's all I can I wouldn't be surprised. if you if you did well honestly I feel.

like you're someone that could uh you're. just being able to actually budget just. getting the discipline down that is. necessary is like the first step so. that's where you take advantage of. something like. um so the median sales price in Columbus. though falling or it's Fallen a little. bit and below the national average. 40 below the national average is uh is. that a good thing or bad. because I mean assistant your assistant. you know mid-size.

mid-sized Midwestern City it's not going. to be super expensive I own a referral. property in my hometown of Kalamazoo. Michigan and you know it's not bad that. it's cheaper about 230 let's say you. just even put 10 down oh I mean that's. easy math that's 23 000. how long is it. going to take you to get to 23 000 if. off of 4200 and you spend half of it on. needs you're gonna have some wants. because wants exists but let's say you. do your wants at 20 and saving at 30. where does that keep us so you need 23. 000 to put just 10 percent out rather.

you do 20 but 10 down so that's a. thousand two hundred sixty dollars a. month which would be good but that's if. you're putting all that towards the. house so really you'd be probably. putting half of it towards the house. half of it towards like a Roth IRA. okay because again you're following mine. in there so that's six uh 630 a month so. with twenty three thousand that's uh 30. that's 37 months or three years and.

that's not terrible. but I can tell in your eyes and your. reaction there you want this all to be a. lot quicker than it's actually going to. be not really because I I'm gonna be. honest with you I'm not worried so much. about the time because I'm because right. right now I'm being realistic can happen. tomorrow or it's actually going to cost. me a lot of money to like repair or fix. I'm looking at it more in the. perspective of okay well if it's going. to take me three years to get to these. goals what where can I cut out like.

where can I cut out some fun or maybe. some Necessities I don't really aren't. really Necessities now remember what we. did here is we switched your fun and. savings categories so you're actually. putting 30 towards savings this is with. 30 if you did 20 this would probably be. like four or five years Okay so. this is where you really budget and. prioritize and that's why I think to get. to your goals where you want to. saving for three years to get a house. that is not a bad thing that is not a. bad thing oh that's actually a really. good timeline yeah I can just tell what.

the speed you want to get to some things. I think increasing your income is going. to be a big player because your rent is. not crazy for a place like Las Vegas no. it's not your grocery spending is not. crazy your car insurance is not crazy. the your gas is low your phone bill is. going to be or your uh cell coverage is. very low utilities are fine your. internet's normal all these things are. normal for where you're living and where. you are in life which comes down to. where you prioritize your money and how. much money you bring in at that point.

and that's what I'm saying like so right. now with me getting into the uh the. whole Facebook bonus program which is. why I'm very excited because my income. is getting better but if I don't have. any financial literacy there's going to. be another income that I spend down the. drain so right now like I'm not really. worried about it taking me three years I. just I also got accepted into YouTube's. program as well so it's just a matter of. working hard and I can. education scenario is linked in the. description below thank you um so. right now best case scenario will take.

me two years worst case scenario three. and a half years and either or sounds. still great because I'm going three. years off of that either or three years. after that but there's also saving up. for the emergency defined and saving. offer you'll want a little more money. than that too for closing costs and. stuff like that and also paying off the. card I think realistically we're looking. more four years but okay we're just so. not bad because I'm trying to do all. this before 30. okay if that's your. timeline then you're on a good track for. it okay you just had the budget that's.

where I want you to get with rocket. money and also I want you to have a. better credit score and actually manage. your spending so I think that's where. Fizz is good for you as well okay so I. will set you up with those and thank you. that's that will be good because we need. to get your credit score up in order. because you're going to take out. leverage on this house and you don't. want good credit to get the best. interest at the time of this hopefully. interest rates will be in a better place. but by the way by the time you're three. four years from now when you're actually. doing this but let's build the credit.

from there paying off this credit card. is gonna help with the credit score okay. immensely all right I'll get it done by. the end of the month. just follow this budget. maybe increase your income that's up to. you yeah but definitely follow the. budget figure out what your priorities. are make sure you're investing into like. a Roth IRA stuff like that as well I. have one but I haven't really touched it. I know it's time to though yeah I have. it on uh Robin Hood but I didn't know. what not what to do but what's like the.

appropriate amount to put in with the. income that I'm making because I'm. already appropriate amount for the Roth. IRA for anyone as much as they can and. trying to Max it out at 6 500 a year. you're the proper amount of 6 500 a year. okay easily all right okay all right I. think I can do that once I get together. yeah turn it all up you'll start that in. about six months six and a half months. okay not bad well you actually follow. the budget will you actually do all this. will this actually work out yeah yeah. I'm I have no doubt I really am doing.

better so far so in six and a half. months then we're gonna talk and the. credit card will be done you'll have. fifteen thousand dollars in emergency. fund and you will start in saving and. investing correct I'll have the credit. card down correct fifteen thousand we'll. get very close to that for sure. um. I'm being realistic I'm being realistic. myself why I'm saying what's realistic. versus what I talked about. I'm saying realistic because I'm. thinking in the sense that anything.

could happen but I know for a fact I'll. be over 10K. if not at 15 I'll definitely be over 10K. for sure that much okay you're right. things happen the only thing that will. excuse it for me are like actual. emergencies actual emergencies but not. wants I will not excuse wants okay. that's a single want and I can I can. take up on that that's fine then we will. see in about six and a half months. gorgeous all right that works for me for. Jamal he thought he was going to be a. seven out of 10 for the hammer Financial. score but actively choosing to put fun. over paying off the credit card faster.

not having it even close to a fully. funded emergency fund and pretty much. having nothing to say through retirement. at this point he's gonna have to be. about a four out of 10 right now so. check out all the fun things in the. description like the resources I. mentioned and my Instagram and Twitter. and don't forget to subscribe thanks.